MY NEW RED SHOES (EIN 204683289) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

MINH NGO

Phone

6502413911

Tax Period

2023-01-01 to 2023-12-31

MY NEW RED SHOES, founded in 2006, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 32% operating deficit.

Mission

MY NEW RED SHOES WORKS TO IMPROVE THE QUALITY OF LIFE AND WELL-BEING OF CHILDREN AND YOUTH EXPERIENCING ECONOMIC HARDSHIP.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,519,961

Program Service Revenue $28,169

Investment Income $7,257

Other Revenue $-1,260

TOTAL REVENUE $1,554,127

Expense Breakdown

Grants Paid $116,000

Salaries & Benefits $618,163

Fundraising Expenses $147,587

Program Expenses $1,823,547

Other Expenses $1,319,679

TOTAL EXPENSES $2,053,842

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,554,127	$3,483,860	-0.6%
Expenses	$2,053,842	$3,258,248	-0.4%
Net Income	$-499,715	$225,612	-3.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$270,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MINH NGO	Executive Dir.	40.00	Officer	$236,895	$11,216	$248,111
CATTERINA OLAZABAL	Treasurer	5.00	Officer	$22,589	$0	$22,589
MANDY MONTOYA	Trustee	1.00	Director	$0	$0	$0
ANNIE HOCKEY	Trustee	1.00	Director	$0	$0	$0
HELLENA RUIZ	Secretary	1.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,554,127	$2,053,842	$541,765	$-499,715
2022	$3,483,860	$3,258,248	$1,027,343	$225,612
2022	$3,483,860	$3,258,248	$1,027,343	$225,612
2021	$770,609	$776,059	$785,365	$-5,450
2020	$1,004,059	$735,202	$784,961	$268,857
2019	$924,864	$1,289,634	$529,820	$-364,770
2018	$1,139,883	$1,490,490	$898,194	$-350,607

MY NEW RED SHOES